Barnes Group Inc (B)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 33,265 | 46,221 | 82,405 | 28,905 | 38,185 | 48,643 | 62,852 | 126,757 | 127,816 | 123,683 | 112,713 | 85,074 | 101,494 | 129,598 | 161,820 | 206,509 | 206,844 | 198,448 | 191,293 | 200,246 |
| Revenue (ttm) | US$ in thousands | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Pretax margin | 2.40% | 3.53% | 6.42% | 2.28% | 3.06% | 3.91% | 5.01% | 10.11% | 10.29% | 10.15% | 9.69% | 7.89% | 9.17% | 10.96% | 12.60% | 14.56% | 11.24% | 10.64% | 8.56% | 7.66% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $33,265K ÷ $1,388,400K
= 2.40%
To analyze Barnes Group Inc.'s pretax margin, we observe fluctuations in the ratio over the past eight quarters. The pretax margin measures the company's efficiency in generating profits before accounting for taxes relative to its total revenue.
In Q1 2022, the pretax margin was notably high at 9.98%, reflecting efficient cost management or strong revenue generation relative to expenses. However, this figure dropped to 4.95% in Q2 2022, indicating a decrease in profitability before taxes. The trend reversed in Q3 2022, with a slight increase to 3.86%, but the ratio continued to decline in Q4 2022, reaching 3.03%.
The beginning of 2023 saw a further decline in the pretax margin to 2.25% in Q1 2023. However, this trend reversed in Q2 2023, showing signs of recovery with a pretax margin of 6.33%, indicating improved profitability. This positive momentum continued into Q3 2023, where the pretax margin increased to 3.43%.
The latest data for Q4 2023 shows a pretax margin of 2.29%, which indicates a decrease in profitability compared to the previous quarter. Overall, the fluctuation in pretax margin suggests varying levels of operational efficiency and profitability for Barnes Group Inc. throughout the analyzed period.
Peer comparison
Dec 31, 2023